KKR Completes US$400 Million Investment in Fujian Sunner Development (Asia)

Source: Fujian Sunner Development

Global investment firm KKR has completed a US$400 million investment in China-listed chicken meat producer Fujian Sunner Development, acquiring an 18 percent stake in the company. Since the investment was first announced in August 2014, Sunner reports that it has been selected as one of the five local‐market direct suppliers—and the only Chinese supplier—of chicken meat to McDonald’s. Through the partnership with KKR, Sunner aims to increase its production volume by 30 percent in 2015, and more than double its current production capacity to 750 million white-feather chickens by 2019.